Risk, Uncertainty and Profit / Libristo.pl
Risk, Uncertainty and Profit

Code: 02567089

Risk, Uncertainty and Profit

by Frank H Knight

This revolutionary work taught the world how to systematically distinguish between risk — randomness with knowable probabilities — and uncertainty — randomness with unknowable probabilities — in order to accurately and properly as ... more

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Book synopsis

This revolutionary work taught the world how to systematically distinguish between risk — randomness with knowable probabilities — and uncertainty — randomness with unknowable probabilities — in order to accurately and properly ascertain a venture's potential profitability. Knight's methodology served as the foundation of the Chicago School of Economics.

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Book category Books in English Economics, finance, business & management Economics Microeconomics

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